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30-10-2014 23:52:00 | by: Administrator | hits: 29314367 | Tags:

TAQA Arabia and Equatorial Guinea introduce CNG vehicles
27-05-2022 | 10:41:17
The African Energy Chamber strongly supports the move taken by Equatorial Guinea to optimize its gas market through the introduction of compressed natural gas-powered vehicles.
Health Platform Esaal Raises $1.7M for Expansion
26-05-2022 | 12:48:00
Esaal, an online health and wellness consultation platform for patients in the Middle East and North Africa (MENA), has wrapped a $1.7 million seed funding round.
Egypt to get $3 billion from ITFC to cope with rising wheat prices
26-05-2022 | 11:50:45
The International Islamic Trade Finance Corporation (ITFC) will grant a $3 billion envelope to Egypt to enable it, among other things, to make its wheat purchases in a context of rising grain prices
[Egypt] OneWeb and Benya Group collaborate to provide connectivity services in the Middle East and Africa
23-05-2022 | 17:26:00
Leading digital solutions and ICT infrastructure provider Benya Group announces the signing of a MoU with OneWeb and the joint venture entity formed between OneWeb and NEOM to explore the distribution of connectivity services across the MEA region
[Egypt] Sokin expands payments partnership with Mastercard across the region
23-05-2022 | 11:25:00
Sokin expands payments partnership with Mastercard to connect consumers in 39 new markets to payments services that are more open and transparent, removing the barriers that have historically hindered access and financial inclusion.
Shell subsidiary BG Int'l Limited acquires ExxonMobil’s offshore position in Egypt
23-05-2022 | 10:00:00
BG International Limited a subsidiary of Shell plc. signed a Farm Out Agreement with ExxonMobil Egypt to acquire a 100 percent stake in the ExxonMobil-operated north-eastern El-Amriya Offshore Area in the Mediterranean Sea, which is also known as Block 3
Benya Group signs a partnership agreement with R&M to expand its infrastructure operations
20-05-2022 | 12:52:58
Benya Group announced a strategic partnership agreement to develop its business with R&M, a global leader in cables and integrated communications solutions, as part of its internal and external expansion plan.
[Egypt] B.TECH, Fawry expand partnership to avail easier access to finance for customers
20-05-2022 | 11:58:00
B.TECH signed a memorandum of understanding with Fawry to expand the Partnership between the two companies and provide more services to their customers to avail easier access to finance.
[Egypt] Tatweer Misr signs agreement with Schneider electric to build and manage smart cities
20-05-2022 | 11:35:00
Schneider Electric signs a memorandum of understanding (MoU) with Tatweer Misr to integrate technological innovation, starting from the design till the smart management phase of the project.
Transnational Africa Green Hydrogen alliance launched
20-05-2022 | 09:43:01
Six African countries have joined forces to launch the Africa Green Hydrogen Alliance to collectively scale-up investment and development across the continent’s burgeoning green hydrogen landscape.
Vodacom targets enterprise, fintech growth with Egypt purchase
19-05-2022 | 12:13:20
Vodacom sees huge growth opportunity in both mobile financial services and the enterprise market in adding Egypt to its portfolio through acquisition of a controlling stake in Vodafone Egypt.
Orange Egypt’s NAC data center set to be delivered in June
19-05-2022 | 09:47:00
Egypt wants to leverage digital tools for its socio-economic development. For that purpose, it can rely on its multiple foreign partners, who will help build the infrastructure required.
HSBC launches US$1 billion Female Entrepreneur Fund in 11 countries, including Egypt
19-05-2022 | 09:20:05
The fund is launched in addition to HSBC Roar program to help women entrepreneurs address business challenges. For that purpose, it will provide funds and technical support.
Shell strengthens its offshore position in Egypt’s Nile delta
18-05-2022 | 12:54:00
BG International Limited., a subsidiary of Shell signed a Farm Out Agreement (FOA) with ExxonMobil Egypt (Upstream) Limited to acquire a 100% stake in the ExxonMobil-operated North East El-Amriya Offshore Area.
SDX Energy announces spudding of MSD-24 well at West Gharib onshore Egypt
18-05-2022 | 09:44:38
SDX Energy, the MENA-focused energy company, announced the spudding of the MSD-24 infill development well on the Meseda field located in the West Gharib concession in the Egyptian Eastern Desert.
Bravado Gaming announces its debut in Middle East, Africa gaming scene
18-05-2022 | 09:27:00
Premier multi-gaming organization and lifestyle brand Bravado Gaming has announced its entry into the MEA gaming industry as part of its global expansion strategy aimed at consolidating its regional fanbase and exposing local gamers to its revamped gaming experience.
Amethis, EBRD and SPE Capital acquire majority stake in Egypt’s GlobalCorp
17-05-2022 | 10:40:00
A consortium of investors made up of Amethis, the European Bank for Reconstruction and Development (EBRD) and SPE AIF I, LP (SPE Capital) has acquired a majority stake in GlobalCorp, a non-banking financial services company in Egypt.
Carrefour launches gourmet store in Egypt
16-05-2022 | 10:08:42
Carrefour, owned and operated by Majid Al Futtaim in Egypt, has announced the opening of its first Gourmet store in the region.
[Egypt] ETIT and Zoomcar sign partnership to provide the latest tracking devices to the cars
16-05-2022 | 09:59:04
Egyptian Company for Tracking Services (ETIT) has announced collaboration with Zoomcar, the largest car sharing marketplace covering emerging markets, according to which, Zoomcar fleet will obtain a number of tracking devices.
Amazon offers BNPL option to shoppers in Egypt
16-05-2022 | 09:52:42
Amazon is giving customers in Egypt access to buy now, pay later (BNPL) thanks to a consumer financing offering from valU Consumer Finance.
Marvel Group launches Egyptian Property Market exhibition
16-05-2022 | 09:20:01
Egypt’s marketing company Marvel Real Estate intends to launch first edition of Egyptian Property Market (EPM) EXPO on 19 May.
Amazon veut investir 10 millions $ sur une fintech égyptienne ValU
16-05-2022 | 08:26:00
Amazon, le groupe de commerce en ligne américain, a acquis des certificats de dépôt globaux du groupe financier égyptien EFG Hermes, pour une valeur totale de 10 millions $
Mercedes-Benz to localize EV manufacturing in Egypt
16-05-2022 | 08:15:49
Egypt wants to revive its automotive industry whose production has been dropping constantly since 2009-2010. In that regard, it developed a national program, which will greatly benefit from the announced plan.
Afreximbank appoints new Chief Executive Officer and Chief Investment Officer for FEDA
13-05-2022 | 10:58:06
Afreximbank has announced the appointment of Ms. Marlene Ngoyi as the Chief Executive Officer of the Fund for Export-Development in Africa (FEDA), the Bank’s development-oriented subsidiary. Mr. Emmanuel Assiak has been appointed Chief Investment Officer.
La Côte d’Ivoire bénéficiera du soutien de l’Egypte pour accroître sa production piscicole
12-05-2022 | 09:15:00
L’Egypte est prête à accompagner la Côte d’Ivoire dans sa volonté d’améliorer la performance de sa filière aquacole et renforcer l’offre en poissons sur le marché intérieur.
Cloud Kitchen Softwares a solution to MENA Restaurants
12-05-2022 | 07:38:33
Cloud Kitchen Softwares are helping MENA restaurants optimize costs, expand and reach.
Egyptian last-mile delivery firm Mylerz raises $9.6 million to expand logistics solutions in North Africa
11-05-2022 | 16:02:54
Mylerz’s proprietary logistics management technology allows it to deliver e-commerce products to customers in city centers in as fast as same-day delivery.
Apex International Energy tests well at 2,440 barrels of oil per day in Western Desert, Egypt
10-05-2022 | 11:26:00
Apex International Energy announced that the Fajr-8 development well was tested at a daily rate of 2,440 barrels of oil and negligible water.
Afreximbank declared “Best Multilateral Bank”
09-05-2022 | 11:09:00
Afreximbank is delighted to announce its receipt of the award for Best Multilateral Development Bank at the Trade Finance Global (TFG) 2022 International Trade Awards.
[Egypt] SODIC to open civil registry office with premium services in SODIC West
09-05-2022 | 10:21:54
SODIC, a leading real estate developer in Egypt, opens a Civil Registry Office with Premium Services at The Strip in SODIC West.
CE-Creates merges with Hatch & Boost in MENA’s first venture-builder merger
09-05-2022 | 10:15:00
Marking the first-ever portfolio merger of two venture builders in the region, CE-Creates, the business incubation platform of Crescent Enterprises, has completed the merger of its portfolio of startups with hatch & boost.
Central Bank of Egypt sets up EgyCash company for money transfer
09-05-2022 | 10:07:36
The Central Bank of Egypt has announced setting up EgyCash company for technological solutions of monetary dealing.
Sarwa Capital closes its inaugural Sukuk issuance of $159.8m in Egypt
09-05-2022 | 10:07:36
Sarwa Capital, Egypt’s consumer and structured financial services provider, has successfully closed its inaugural Sukuk issuance by Sarwa Sukuk Company; a subsidiary of Sarwa Capital, of $159.8 million.
IFC invests in Egyptian private equity fund to support business growth
09-05-2022 | 10:07:33
IFC announced an investment in an Egyptian private equity fund to help improve access to capital for small- and medium-sized companies in the country, supporting their resilience, growth, and ability to create jobs.
EIB invests $22m in first closing of Lorax Capital Partners Fund II in Egypt
09-05-2022 | 10:07:27
The European Investment Bank (EIB) signed a commitment of $22 million with LCP FUND II COÖPERATIEF U.A., a generalist private equity fund targeting primarily growth capital investments in SMEs and mid-market companies in Egypt.
EBRD invests in Egypt-focused private equity fund
09-05-2022 | 10:07:26
The European Bank for Reconstruction and Development (EBRD) is boosting the resilience of the financial sector in Egypt and supporting equity financing to small and medium-sized businesses by investing up to $50 million in LCP Fund II.
Egypt set to issue first sovereign green bonds in MENA region
09-05-2022 | 10:07:21
In an attempt to diversify its debt portfolio, Egypt Finance Ministry is getting ready to issue the country's first sovereign green bonds in the Middle East and North Africa (MENA) region.
Fitch affirms National Bank of Egypt at B+ stable outlook, VR off Rating Watch Negative
09-05-2022 | 10:07:17
Fitch Ratings has affirmed National Bank of Egypt's (NBE) Long-Term Issuer Default Rating (IDR) at B+ with a Stable Outlook; it has also affirmed NBE's Viability Rating (VR) at b+ and removed it from Rating Watch Negative (RWN).
AM Best affirms credit ratings of gig Insurance Egypt
09-05-2022 | 10:06:49
Global credit rating agency AM Best has affirmed the Financial Strength Rating of B++, Good, and the Long-Term Issuer Credit Rating of “bbb+” of gig Insurance - Egypt S.A.E.
Egypt Finance Ministry signs first conventional Islamic financing to support public budget
09-05-2022 | 10:06:48
Egypt’s Finance Ministry has signed the first Islamic conventional financing which aims at supporting Egypt's public budget and economy.
First Abu Dhabi Bank acquires 100% stake in Bank Audi Egypt
09-05-2022 | 10:06:30
Bank Audi and First Abu Dhabi Bank (FAB) announced the signing of a definitive agreement for the acquisition by FAB of 100% of the share capital of Bank Audi sae, Bank Audi’s subsidiary in Egypt.
New IFC initiative helps banks in Mexico, Philippines, South Africa and Egypt scale climate finance
09-05-2022 | 10:06:29
Through a new initiative, IFC will work with financial institutions in four countries to mobilize private sector financing for climate mitigation and adaptation projects and help align financial-sector strategies with the targets of the Paris Climate Agreement.
EFG Hermes concludes first issuance of securitization bonds for 3 companies in Egypt
09-05-2022 | 10:06:24
EFG Hermes, the financial services corporation in Frontier Emerging Markets (FEM), announced the successful closing of the first issuance in an EGP 6.5 billion securitization program for Amer Group, Porto Group, and Qasatli.
Arab Investment Bank selects Temenos to drive digital growth, financial inclusion in Egypt
09-05-2022 | 10:06:22
Temenos, the banking software company announced that Arab Investment Bank has selected Temenos to power its digital customer experience.
Ovamba and Singularity Finance launch TradeTech partnership in Egypt
09-05-2022 | 10:06:20
TradeTech innovator, Ovamba Solutions and financial services provider, Singularity Finance have partnered to deliver financial inclusion and growth capital to small and growing businesses in Egypt.
EBRD loans $12m to Al Dau Al Haram to support tourism sector in Egypt
09-05-2022 | 10:06:19
The European Bank for Reconstruction and Development (EBRD) is breaking fresh ground with a $12 million loan to Al Dau Al Haram for Hotel Operations for the regeneration of a brownfield site into a Hyatt Regency hotel in Egypt.
EIB, Banque Misr partner to support private businesses and SMEs in Egypt
09-05-2022 | 10:06:18
The European Investment Bank (EIB) is providing Banque Misr with a €425 million credit line to support Egyptian private small and medium-sized enterprises.
EIB, Arab Republic of Egypt partner to support urban transport in Alexandria and Cairo
09-05-2022 | 10:06:16
The European Investment Bank (EIB) and the Arab Republic of Egypt signed a €1.128 billion agreement to support investments in the rehabilitation and expansion of metro and tram systems in Alexandria and Cairo.
EBRD, TAQA Arabia partner to promote private-to-private renewable energy in Egypt
09-05-2022 | 10:05:57
The European Bank for Reconstruction and Development (EBRD) is promoting the expansion of renewable energy in Egypt by supporting one of the first green private-to-private projects in the country, with an initial $4.2 million loan to TAQA PV for Solar Energy.
Milezmore, une solution logistique pour le secteur du e-commerce
05-05-2022 | 11:05:58
A cause des investissements limités, de nombreuses start-up du continent se retrouvent en difficulté de gestion. Cette solution égyptienne est une alternative intéressante pour les jeunes pousses du commerce électronique.
Juniper Biologics signs exclusive license agreement with Helsinn for infigratinib for the emerging markets
04-05-2022 | 12:42:58
Juniper Biologics Pte Ltd, announced the signing of an exclusive license agreement to develop and commercialise infigratinib (INN) in the Middle East and Africa for the treatment of adults.
SDX Energy discovers gas at the SD-12 East appraisal well at South Disouq, Egypt
04-05-2022 | 09:10:00
SDX Energy, the MENA-focused energy company, announced a gas discovery at the SD-12 East well that targeted a separate compartment in the Sobhi Field, within the Ibn Yunus North development lease.
SDX Energy announces SD-5X well tie-in and production startup at South Disouq, Egypt
04-05-2022 | 08:58:00
SDX Energy, the MENA-focused energy company, announced the completion of the tie-in of the SD-5X Warda well (SDX Working Interest: 36.85%) to the CPF via the SD-4X flow-line approximately one month ahead of schedule.
[Egypt] Non-oil exports rise to $9.17b
03-05-2022 | 11:19:00
Nevin Gamea, Minister of Trade and Industry announced that Egyptian non-oil exports amounted to about $9.17 billion during the Q1 of 2022.
Logistics startup SWVL acquires Volt Lines, enters European market
28-04-2022 | 13:54:00
Egyptian public transport solutions provider SWVL announced the acquisition of Volt Lines, a Turkish mobility and transport company.
CBE approves OPay to issue prepaid cards to help digital finance reform in Egypt
22-04-2022 | 13:01:00
Emerging market fintech unicorn OPay received preliminary approval from the Central Bank of Egypt (CBE), to partner with Masria Digital Payments (MDP), Egypt's largest card provider, to issue prepaid cards in Egypt.
Dover Fueling Solutions partners with Global Technical Services to offer DX Wetstock in Egypt
22-04-2022 | 12:44:41
Dover Fueling Solutions (DFS), announced it has expanded its agreement with Global Technical Services (GTS) to include the provision of its DX Wetstock management services, an end-to-end fuel management solution, to the Egyptian markets.
SDX Energy announces spudding of SD-12 East appraisal well at South Disouq onshore Egypt
22-04-2022 | 10:28:00
SDX Energy, the MENA-focused energy company, announced the spudding of the SD-12 East appraisal well, targeting additional reserves to the east of the SD-12X discovery well on the Sobhi field located in the Ibn Yunus North development lease.
Egypt-based auto firm to set up Kenya vehicle assembly
20-04-2022 | 13:11:00
Egypt’s listed auto dealer Ghabbour Auto (GB Auto) plans to establish a joint venture to assemble and distribute passenger vehicles in Kenya.
Egypt’s mobile, fixed internet usage up by 68%, 39% within 24 hours
20-04-2022 | 11:21:00
The use of mobile and fixed internet services increased by 68 and 39 percent respectively within a 24-hour-period in Ramadan 2022 compared to last Ramadan.
IFC invests in Algebra Ventures to support Egyptian tech startups, drive innovation
19-04-2022 | 12:15:00
To support tech startups with access to finance and drive innovation and job creation primarily in Egypt, IFC announced an investment in the second fund from venture capital firm Algebra Ventures.
Eni discovers new oil and gas in the Western Desert of Egypt
19-04-2022 | 11:40:02
Eni announced new oil and gas discoveries in the Meleiha concessions, in Egypt’s Western Desert, for approximately 8,500 barrels/day of oil equivalent.
Eni, EGAS partner to increase Egypt’s gas production and supply
19-04-2022 | 11:29:00
The Egyptian Natural Gas Holding Company (EGAS) and Eni, signed a framework agreement that will allow to maximize gas production and LNG exports, to promote Egyptian gas export to Europe, and specifically to Italy.
Egypt considering India for wheat import
13-04-2022 | 12:37:28
Egypt's Supply Ministry has confirmed that it is considering this month adding wheat from India to 16 other national import origins accepted by its state grains buyer.
Abu Dhabi's ADQ acquires stake in Egypt's Commercial International Bank
13-04-2022 | 11:31:02
ADQ Holding — one of Abu Dhabi’s sovereign funds — has acquired a stake in Egypt’s Commercial International Bank worth $911.457
[Egypt] Infrastructure and sustainability platform, Pylon, announces $19m funding round
12-04-2022 | 11:10:00
Pylon, the infrastructure management platform transforming electricity and water companies in emerging markets, announces a $19 million seed funding round.  
[Egypt] Senate gives final approval for new insurance law
12-04-2022 | 10:57:00
Following over a month of debates, Egypt's Senate approved on Monday a new government-drafted unified insurance law, which one MP described as necessary to cover a host of professions and services recently introduced into the insurance industry.
SDX Energy announces spudding of MSD-20 well at West Gharib, Egypt
08-04-2022 | 09:55:00
SDX Energy, the MENA-focused energy company, announced the spudding of the MSD-20 infill development well on the Meseda field.
Radisson Hotel launches Group’s newest brand in Egypt
07-04-2022 | 11:58:00
Radisson Hotel announced the launch of the Group’s newest brand in Egypt with the opening of Marina Resort Port Ghalib, a member of Radisson Individuals. This brings the Group’s portfolio in Egypt to 8 hotels in operation and the first Radisson Individuals in Africa.
IFC and Egypt’s MSME Finance Federation partner to expand access to finance for micro businesses
06-04-2022 | 08:47:00
To support the growth of microbusinesses across Egypt, IFC and the Egyptian Medium, Small and Micro-Enterprise Finance Federation have launched a program to strengthen 41 of the country's microfinance institutions.
TGS announces second 3D multi-client seismic survey in the Egyptian Red Sea
06-04-2022 | 08:23:00
TGS, a global provider of energy data and intelligence, announced a new 3D seismic survey in the Red Sea, Egypt, in partnership with Schlumberger.
EgyptAir enters 3-way partnership with ValU, Pay Tabs for e-payments
05-04-2022 | 11:05:00
EgyptAir entered into a partnership agreement with ValU and Pay Tabs Egypt this week to provide payment solutions for airline tickets.
Mass transit provider SWVL starts trading on US stock exchange market NASDAQ
04-04-2022 | 06:54:00
Swvl, the mass transit and shared mobility provider has officially been listed on the NASDAQ stock market in New York.
Avanz Capital Egypt establishes outfit targeting SMEs
31-03-2022 | 15:24:55
Avanz Capital Egypt has announced the establishment of Avanz Manara for Private Equity, Company Limited by Shares (Avanz Manara), an investment holding company established under the oversight of the Financial Regulatory Authority.
QatarEnergy enters agreement with ExxonMobil to acquire 40% interest in exploration block offshore Egypt
30-03-2022 | 09:23:06
QatarEnergy announced it has entered into an agreement with ExxonMobil to acquire a working interest in an exploration block offshore Egypt.
Healthtech startup Altibbi raises $44m to scale growth across the MENA region
29-03-2022 | 12:03:00
Middle East’s AI-based digital health platform Altibbi, has raised $44 million in Series B fund funding led by Foundation Holdings, Hikma Ventures and existing investors Global Ventures and DASH Ventures.
JoVE partners with Egyptian Knowledge Bank to bring STEM videos for research and education in Egypt
29-03-2022 | 10:25:38
The Journal of Visualized Experiments (JoVE), has announced a partnership with the Egyptian Knowledge Bank (EKB), to enable access to JoVE's library of over 14,000 videos in STEM subjects for Egyptian citizens.
Impacts of Ukraine conflict on food security already being felt in the Near East North Africa region
28-03-2022 | 16:08:00
As the war continues to rage in Ukraine, impacts of rising food prices and shortages of staple crops are already being felt in the Near East and North Africa region and spreading to the world’s most vulnerable countries, including in the Horn of Africa, warns IFAD.
Vehicle financing startup Moove partners with Swvl for EV buses across the MENAP region
28-03-2022 | 13:59:00
Egypt’s on-demand bus-hailing company Swvl has announced a new partnership with African fintech mobility startup Moove to scale Moove’s revenue-based vehicle financing model across the MENAP region.
[Egypt] Central Bank launches mobile app, InstaPay
28-03-2022 | 12:14:00
The Central Bank of Egypt (CBE) has announced the official launch of the Instant Payment Network and “InstaPay” mobile application.
[Egypt] E-sport startup Eksab raises $3M seed funding to scale its fantasy football platform
28-03-2022 | 11:57:00
Cairo-headquartered e-sport startup has raised $3M Seed funding round, bringing the company’s total investment to date to $3.7M.
United Oil and Gas commences production on the ASD-2 well onshore Egypt
28-03-2022 | 11:38:00
The United Oil & Gas company with a portfolio of production, development, exploration and appraisal assets, announced commencement of production from the ASD-2 development well in the Abu Sennan licence, onshore Egypt.
4DX Ventures leads $3m seed round in Egyptian fantasy football platform Eksab
28-03-2022 | 11:26:00
Cairo-headquartered daily fantasy football platform, Eksab has secured a $3M Seed funding round, led by 4DX Ventures with participation from Darwazah Capital, Golden Palm Investments, P1 Ventures, and a number of strategic angel investors.
[Nigeria Business Week] Andrea Ayemoba: Persistent shortages and inflation call for new measures
24-03-2022 | 14:13:00
Africa has in the past decade positioned itself as a knowledge economy, with one of the most robust startup ecosystems in the world.
[Egypt] NCSC signs an MoU with Beyon Connect to onboard cutting-edge ‘OneID’ and ‘OneBox’
23-03-2022 | 11:11:00
Beyon Connect and Bahrain’s National Cyber Security Centre (NCSC) have signed an MoU that will see the NCSC adopt innovative digital identity and digital postbox solutions and services delivered by Beyon Connect.
Egypt Post and Bahrain’s Beyon Connect launch joint venture to adopt innovative digital postbox solutions and services
23-03-2022 | 10:59:00
The National Egyptian Post (Egypt Post), and Bahrain’s Beyon Connect, signed a joint venture-agreement that will see the newly formed joint venture company adopt innovative digital postbox solutions and services.
French investments in Egypt hit 4billion euros, PM Madbouly
22-03-2022 | 12:41:00
Prime Minister Mostafa Madbouly has asserted that the partnership between Egypt and France is based on the important role both play in achieving development by doing business in joint projects.
[Egypt] Fintech startup Lucky raises $25m Series A funding round
22-03-2022 | 10:28:00
Lucky, Egypt’s leading app for credit products, offers, and cashback rewards, has announced its $25 million fund Series A raise.
Egypt's central bank raises interest rates, cites Ukraine and coronovirus pandemic
21-03-2022 | 13:09:00
Egypt's Central Bank raised its key interest rate Monday for the first time since 2017, citing inflationary pressures triggered by the coronavirus pandemic and Russia's war in Ukraine, which hiked oil prices to new records.
Egypt's largest national banks Launch of Nclude by Global Ventures to accelerate Egypt’s Fintech innovation
21-03-2022 | 09:13:00
Egypt's largest national banks - Banque Misr, National Bank of Egypt, and Banque du Caire – and Global Ventures, a leading MEA-focused venture capital firm - announce the launch of Nclude by Global Ventures, following approval by the Central Bank of Egypt (CBE).
IFC supports Egypt's fintech sector with investment in disruptech ventures fund
18-03-2022 | 07:32:28
IFC announced an investment in a new venture capital fund from Disruptech Ventures to support development in Egypt's fintech sector and help expand access to financial services in the country.
Banque Misr launches innovative program to support Egyptian entrepreneurs
18-03-2022 | 07:24:00
Banque Misr, one of Egypt's leading banks, launched a new program to support the country's entrepreneurs, particularly women entrepreneurs, with access to finance, mentorship, and the advice they need to help them grow and create jobs.
SDX commences oil production at MSD-25 well in West Gharib concession, Egypt
17-03-2022 | 09:22:00
SDX Energy, the MENA-focused energy company, announced the commencement of oil production at the MSD-25 infill development well on the Meseda field in its West Gharib concession, Egypt.
[Egypt] Remittances show $1.9bn increase in 2021
15-03-2022 | 10:50:00
The Central Bank of Egypt has said that remittances from Egyptian expatriates increased by about 6.4% or $1.9bn during 2021.
[Egypt] Garment exports record 54% increase in January 2022
14-03-2022 | 10:58:00
Head of the Apparel Export Council of Egypt, Marie Louise, revealed that garment exports recorded a remarkable growth in January 2022, with a 54% increase to reach $204m, compared to $132m in January 2021.
EBRD supports establishment of Sector Skills Council to boost tourism and hospitality in Egypt
09-03-2022 | 14:38:00
The European Bank for Reconstruction and Development (EBRD) is supporting the establishment of a new Sector Skills Council (SSC) in Egypt, a platform aiming at fostering more resilient and inclusive human capital in the hospitality and tourism. 
[Egypt] valU partners with noon.com to provide installment services to customers
09-03-2022 | 11:38:00
valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle enabling fintech platform, and noon.com, the Middle East’s leading e-commerce platform and online shopping destination, announced a partnership that will allow noon and valU’s users to take advantage of valU’s flexible installment plans through noon.
SDX Energy spuds SD-5X well at South Disouq onshore Egypt
09-03-2022 | 08:16:00
SDX Energy, the MENA-focused energy company, announced the spudding of the SD-5X exploration well, targeting the Warda prospect in the South Disouq development lease.
Telecom Egypt sees 74% net profit increase in 2021
08-03-2022 | 11:56:46
Strong operational performance has driven Telecom Egypt’s net profits to an annual increase of 74 percent during the year 2021.
Egypt’s banking system processed one billion e-transactions in 2021, Central Bank
07-03-2022 | 11:12:00
Egypt’s banking system processed one billion electronic transactions in 2021 with a total value of EGP 2.8 trillion, according to Ayman Hussain, the sub-governor of the Central Bank of Egypt (CBE) for the Information Technology Sector.